Investor Presentaiton

☐ - ■ - Transaction Highlights Corby Spirit and Wine ("Corby" or the "Company") has reached an agreement to acquire 90% of the outstanding shares of Ace Beverage Group ("Ace") for $148.5 million Corby has a path to acquire the remaining 10% through two call options in 2025 and 2028 Ace is a leading Canadian ready-to-drink ("RTD") alcoholic beverage company, with an innovative portfolio focused on better-for-you ("BFY") offerings - The acquired portfolio of brands includes Cottage Springs, Ace Hill, Cabana Coast, Liberty Village Beverage, and Good Vines The acquisition transforms Corby's financial profile, adding a meaningful presence in the fastest growing alcoholic beverage category Proforma, it is expected that Corby's operating revenue will increase by approximately 35% and that the transaction will be accretive on Corby's operating margin Significant positive EPS accretion expected one-year post-close Funded using available cash and an intercompany loan from Corby's majority shareholder, Pernod Ricard (1) The transaction is expected to close in the first quarter of Corby's fiscal year 2024, and is subject to customary closing conditions, regulatory approvals, and third-party consents Note: Figures in C$, unless otherwise noted. 1. Loan funded based on arm-lengths financing at market rates. LIBERTY VILLAGE _ EXTRA DRY CIDER PEACH CIDE VODKA WATER WANGO CIDER 4L CORBY Good VINES White ne Spritz LCBO VODKA WATER MANGO ACE BEVERAGE GROUP

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